Not everyone is equally prepared for retirement. While some are fortunate to have built a nest egg that will last through their Golden Years, others will depend on government programs for retirement income. Regardless of which side of this divide you are on, annuities can be a powerful vehicle to help fund your retirement dreams.
Whether it is to deliver guaranteed income to you and your loved ones in retirement, protect your principal while also providing income, or provide death benefits to your beneficiaries upon your passing, there are annuity products designed to meet a wide range of needs. Annuities can add diversification to a retirement portfolio, help safeguard investments from stock market volatility, and provide flexibility in how much you save.
We will review your entire existing portfolio to determine whether annuities are right for you. In some cases, overexposure to other fixed-income products, such as bonds and dividend-paying stocks, could still leave your retirement income exposed.
Not all annuities are created alike. While they may be a useful choice for generating fixed income in retirement, associated costs can sometimes be high. We help identify cost-advantaged annuity options suited to your needs.
We help clients manage their tax liability through prudent product selection. Certain annuities may allow tax-deferred growth, potentially shifting taxable income into retirement when you may be in a lower tax bracket.
We can help select annuity products that support changing investment objectives. The right strategy may allow adjustments between available options without immediately triggering associated taxes.
* There is generally a surrender charge during the first 5 to 7 years that you own the contract. Withdrawals prior to age 59½ may result in a 10% IRS tax penalty, in addition to ordinary income tax. Annuity guarantees are backed by the financial strength of the issuing insurance company. Investment sub-account values fluctuate with market conditions.
* Investors should carefully consider the investment objectives, risks, charges, and expenses of a variable annuity before investing. Variable annuities involve investment risk, including possible loss of principal, are designed for long-term investing, and may be worth more or less than the total amount invested when redeemed. Please read the prospectus carefully before investing or sending money.
Schedule a complimentary conversation with Steve Clott to explore the right next steps for you.